Following are the major Bitcoin news of the day
Winklevoss’ Wishes to Take Bitcoin Mainstream
Amid times when Bitcoin value is tumbling, Winklevoss Twins have injected a ray of “bullish” hope by announcing the possibility of launching a full-regulated Bitcoin exchange in the US. The brothers, who already have huge a stake in Bitcoin, recently presented Gemini – a Bitcoin exchange that will comply with each and every regulation set by government authorities for finance-based businesses. It is rumored that they are currently building the platform’s infrastructure – related to security, functionalities, etc. – to make sure it receives enough mainstream adoption in the future. You can read the full report here.
Bill Gates: Bitcoin Alone Won’t Solve the Payment System Problems
Bill Gates, co-founder of Microsoft while speaking to Backchannel, said that that Bitcoin can have an impact on the remittance sector worldwide, but it is not the best application for this type of technology. According to Gates, “[you must have] the idea of attributed transactions, where if you sent it to the wrong person you can actually get the transaction reversed. [And a traditional system] doesn’t have this huge fluctuation where the value of your account is going up and down by a factor of two.” You can read the full report here.
Paymium Partners with Ingenico to Integrate Bitcoin
Paymium, the European Bitcoin exchange, teamed up with Ingenico, the world leader in the field of payment terminals, to incorporate Bitcoin payment in their platform. The latter’s executive vice president of sales and marketing Michel Leger said: “We are very pleased to partner with Paymium to enrich our dedicated Business Applications Marketplace. This allows us to bring more value to merchants through our terminals, enabling them to offer their customers a new experience.” You can read the full report here.